Does Welfare Actually Promote Entrepreneurship?

A recent article in The Atlantic challenges the oft-cited negative correlation between welfare programs and entrepreneurship by saying that welfare reduces the risks of starting a business, which would actually encourage entrepreneurship: This argument is particularly important today for two reasons. First, despite the headlines coming out of Silicon Valley, America has actually become less entrepreneurial over […]

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Rethinking Income Inequality … Is it Actually a Good Thing?

Is income inequality a bad thing? Most people would say so. It seems obvious that income inequality is based on greed and corporate welfare, right? Some of it certainly is. But some of it is based on the fact that certain people hit on an extremely useful idea at the right time, take the necessary […]

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